Petrol:highest prices in more than two years

2011-01-03 00:00

JOHANNESBURG — The price of petrol is to increase by 29c for 93 octane fuel and 28c for 95 octane, the Energy Department said on Friday.

The hikes will push the cost of 95 octane fuel in Gauteng to R8,73 per litre and 93 octane to R8,58 per litre, the highest price in more than two years.

The increases come into effect on Wednesday.

Diesel prices will increase by 23c, while illuminating paraffin will cost between 21c and 29c more.

LP gas will cost 46c more per kilogram.

The department blamed the hefty increase on the rise in global prices for petrol, diesel and illuminating paraffin in spite of the rand’s strength against the dollar.

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